Is Japan really facing a liquidity trap?
Article Abstract:
There is still considerable concern on financial markets in Japan that a collapse in demand and output could take place if asset prices become weaker. This in turn would lead to a new phase of deflation, with interest rates rising. With higher interest rates, financial institutions would experience balance sheet problems and the downward spiral would be perpetuated. There have already been some early indications of debt deflation, and it is now time for the public sector to take the responsibility for investment.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
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What if Japan really did recover?
Article Abstract:
Most economists believe that there are deeply engrained reasons why Japan's private sector will remain weak and the country's economy cannot return to growth rates of between 3% and 4% a year. However, it is important to consider what would happen if Japan were to begin seeing economic growth at such rates again. Economic problems in Japan have been partly responsible for strong economic growth in the US. Economic revival in Japan and Europe could have a negative impact on the US economy.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Can we really cut state spending to Asian levels?
Article Abstract:
The share of GDP that should be taken by public spending is set to become a key issue in the forthcoming election campaign in the UK. The share of the state in national income is currently 40%, and many mainstream Conservatives now feel that it should be cut to around 20-30%, the level seen in newly-industrialised countries. In contrast, the Chancellor and the Labour party feel that there is no need to reduce public spending.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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